Reported 2 days ago
Klarna and StubHub have suspended their upcoming IPOs due to a significant decline in the stock market triggered by President Trump's tariffs, resulting in a loss of approximately $6 trillion. Both companies were set to pitch to investors next week but decided to hold off amid concerns that the turbulent market could negatively impact investor perception. StubHub, which aims to list as STUB, previously delayed its IPO last summer, while Klarna, targeting a valuation of $15 billion under the ticker KLAR, also highlighted the risks posed by current economic conditions.
Source: YAHOO